Youngsun Intelligent opts not to lower "Yong 02" conversion price

Hangzhou Youngsun Intelligent Equipment (SSE:603901) announced it will not revise downward the conversion price of its "Yong 02 Convertible Bond." The decision follows shareholder approval and is based on the company's stock price performance. According to the announcement, the higher of the average stock price over the 20 trading days prior to the shareholder meeting (RMB 9.05) and the stock price on the preceding trading day (RMB 10.61) exceeded the existing conversion price of RMB 9.70 per share.